2024-11-14 12:29:51 :
Vodafone Idea second quarter 2024 results: Vodafone Idea announced its second quarter financial year 2024 results on November 13, 2024, showing significant revenue growth and reduced losses compared to the same period last year.
The company’s revenue increased by 2.01% year-on-year, reaching $109.322 billion rupees, the loss fell by 17.88% to $7175.9 Crores. However, compared with the previous quarter, revenue increased by 4.03%, but losses increased by 11.56%.
The company’s selling, general and administrative expenses increased 7.08% sequentially and 9.46% year-over-year, reflecting continued operating challenges.
Vodafone Idea’s operating income increased significantly, with a month-on-month increase of 26.64% and a year-on-year increase of 38.3%, indicating that core operating efficiency has improved.
Second quarter earnings per share (EPS) was $-1.03, despite continued losses, a significant increase of 42.46% compared with the same quarter last year.
Vodafone Idea has faced a challenging period in terms of stock performance, returning -9.91% last week, -44.24% over the past six months, and a staggering -54% year-to-date return.
Currently, Vodafone Idea has a market capitalization of $51,299.07 Crore, a new 52-week high $19.18 lowest point $7.33. The stock has been under pressure, leading analysts to give it a mixed rating.
Out of 19 analysts covering Vodafone Idea, 3 analysts have a strong sell rating, 7 analysts have a sell rating, 5 analysts recommend a hold, 3 analysts have a buy rating and 1 analyst The analyst assigns a strong buy rating.
As of November 14, 2024, the consensus recommendation is Sell, reflecting the cautious sentiment surrounding the company’s prospects amid ongoing financial challenges.
Disclaimer: This is an AI-generated live blog and has not been edited by LiveMint staff.
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